Question: A 1 5 - year loan requires month - end payments of $ 6 1 2 . 3 3 including interest at 8 . 9

A 15-year loan requires month-end payments of $612.33 including interest at 8.9% compounded monthly.
What is the balance on the loan after half of the payments have been made? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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